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by jjav
901 days ago
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> No one is prohibiting Alice from building the 10-story parking structure. The change is she's no longer required to build it. Alice is a smart capitalist and will build two apartment buildings instead, maximizing profit from selling the units. By the time the buildings are completed, the mortgages signed and the people start moving in and fighting for parking, Alice is long gone, moved on to the next project in some other city. This is the problem parking minimums were intended to help reduce. |
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